SALEM ACADEMY AND COLLEGE has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN
| Measure | Date | Value |
|---|
| 2023 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $1,471,163 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $536,634 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $522,481 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $448,970 |
| Value of total assets at end of year | 2023-12-31 | $8,067,989 |
| Value of total assets at beginning of year | 2023-12-31 | $7,133,460 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $14,153 |
| Total interest from all sources | 2023-12-31 | $83,500 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $87,183 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $87,183 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $442,230 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $6,740 |
| Other income not declared elsewhere | 2023-12-31 | $2,029 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $934,529 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $8,067,989 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $7,133,460 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $5,815,232 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $5,058,299 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $101,802 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $134,938 |
| Interest earned on other investments | 2023-12-31 | $83,500 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $2,150,955 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $1,940,223 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2023-12-31 | $39,840 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $867,263 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $-17,782 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $482,641 |
| Contract administrator fees | 2023-12-31 | $10,543 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | BROWN, EDWARDS & COMPANY |
| Accountancy firm EIN | 2023-12-31 | 540504608 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $1,471,163 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $536,634 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $522,481 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $448,970 |
| Value of total assets at end of year | 2023-01-01 | $8,067,989 |
| Value of total assets at beginning of year | 2023-01-01 | $7,133,460 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $14,153 |
| Total interest from all sources | 2023-01-01 | $83,500 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $87,183 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $87,183 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $442,230 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $6,740 |
| Other income not declared elsewhere | 2023-01-01 | $2,029 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $934,529 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $8,067,989 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $7,133,460 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $5,815,232 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $5,058,299 |
| Value of interest in pooled separate accounts at end of year | 2023-01-01 | $101,802 |
| Value of interest in pooled separate accounts at beginning of year | 2023-01-01 | $134,938 |
| Interest earned on other investments | 2023-01-01 | $83,500 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $2,150,955 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $1,940,223 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2023-01-01 | $39,840 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $867,263 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $-17,782 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $482,641 |
| Contract administrator fees | 2023-01-01 | $10,543 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | BROWN, EDWARDS & COMPANY |
| Accountancy firm EIN | 2023-01-01 | 540504608 |
| 2022 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $-646,067 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $621,858 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $606,902 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $338,929 |
| Value of total assets at end of year | 2022-12-31 | $7,133,460 |
| Value of total assets at beginning of year | 2022-12-31 | $8,401,385 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $14,956 |
| Total interest from all sources | 2022-12-31 | $267,870 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $332,789 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $6,140 |
| Other income not declared elsewhere | 2022-12-31 | $693 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-1,267,925 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $7,133,460 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $8,401,385 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $5,198 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $5,058,299 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $6,219,710 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $134,938 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $126,662 |
| Interest on participant loans | 2022-12-31 | $74,600 |
| Interest earned on other investments | 2022-12-31 | $193,270 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $1,940,223 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $2,055,013 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-12-31 | $95,699 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,263,966 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $10,407 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $511,203 |
| Contract administrator fees | 2022-12-31 | $9,758 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | BROWN, EDWARDS & COMPANY |
| Accountancy firm EIN | 2022-12-31 | 540504608 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $-646,067 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $621,858 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $606,902 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $338,929 |
| Value of total assets at end of year | 2022-01-01 | $7,133,460 |
| Value of total assets at beginning of year | 2022-01-01 | $8,401,385 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $14,956 |
| Total interest from all sources | 2022-01-01 | $267,870 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $332,789 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $6,140 |
| Other income not declared elsewhere | 2022-01-01 | $693 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-1,267,925 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $7,133,460 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $8,401,385 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Investment advisory and management fees | 2022-01-01 | $5,198 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $5,058,299 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $6,219,710 |
| Value of interest in pooled separate accounts at end of year | 2022-01-01 | $134,938 |
| Value of interest in pooled separate accounts at beginning of year | 2022-01-01 | $126,662 |
| Interest on participant loans | 2022-01-01 | $74,600 |
| Interest earned on other investments | 2022-01-01 | $193,270 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $1,940,223 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-01-01 | $2,055,013 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-01-01 | $95,699 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-1,263,966 |
| Net investment gain/loss from pooled separate accounts | 2022-01-01 | $10,407 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $511,203 |
| Contract administrator fees | 2022-01-01 | $9,758 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | BROWN, EDWARDS & COMPANY |
| Accountancy firm EIN | 2022-01-01 | 540504608 |
| 2021 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $1,221,452 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $595,229 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $577,194 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $314,043 |
| Value of total assets at end of year | 2021-12-31 | $8,401,385 |
| Value of total assets at beginning of year | 2021-12-31 | $7,775,162 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $18,035 |
| Total interest from all sources | 2021-12-31 | $66,849 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $279,457 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $279,457 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $314,043 |
| Participant contributions at end of year | 2021-12-31 | $0 |
| Participant contributions at beginning of year | 2021-12-31 | $24,209 |
| Other income not declared elsewhere | 2021-12-31 | $845 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $626,223 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $8,401,385 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $7,775,162 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Investment advisory and management fees | 2021-12-31 | $6,961 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $6,219,710 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $5,574,041 |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $126,662 |
| Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $132,996 |
| Interest earned on other investments | 2021-12-31 | $66,849 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $2,055,013 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $2,043,916 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $539,917 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $20,341 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $577,194 |
| Contract administrator fees | 2021-12-31 | $11,074 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Disclaimer |
| Accountancy firm name | 2021-12-31 | BROWN, EDWARDS & COMPANY |
| Accountancy firm EIN | 2021-12-31 | 540504608 |
| 2020 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $1,261,291 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $625,264 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $605,617 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $351,924 |
| Value of total assets at end of year | 2020-12-31 | $7,775,162 |
| Value of total assets at beginning of year | 2020-12-31 | $7,139,135 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $19,647 |
| Total interest from all sources | 2020-12-31 | $70,908 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $159,554 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $159,554 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $351,924 |
| Participant contributions at end of year | 2020-12-31 | $24,209 |
| Participant contributions at beginning of year | 2020-12-31 | $37,822 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $636,027 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $7,775,162 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $7,139,135 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Investment advisory and management fees | 2020-12-31 | $9,864 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $5,574,041 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $5,030,446 |
| Value of interest in pooled separate accounts at end of year | 2020-12-31 | $132,996 |
| Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $139,767 |
| Interest earned on other investments | 2020-12-31 | $70,908 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $2,043,916 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $1,931,100 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2020-12-31 | $4,495 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $680,293 |
| Net investment gain/loss from pooled separate accounts | 2020-12-31 | $-1,388 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $601,122 |
| Contract administrator fees | 2020-12-31 | $9,783 |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | BROWN, EDWARDS & COMPANY, L.L.P. |
| Accountancy firm EIN | 2020-12-31 | 540504608 |
| 2019 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2019 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total income from all sources (including contributions) | 2019-12-31 | $1,379,266 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total of all expenses incurred | 2019-12-31 | $518,695 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $496,984 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $369,029 |
| Value of total assets at end of year | 2019-12-31 | $7,139,135 |
| Value of total assets at beginning of year | 2019-12-31 | $6,278,564 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $21,711 |
| Total interest from all sources | 2019-12-31 | $69,732 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $110,330 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $110,330 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $369,029 |
| Participant contributions at end of year | 2019-12-31 | $37,822 |
| Participant contributions at beginning of year | 2019-12-31 | $28,554 |
| Other income not declared elsewhere | 2019-12-31 | $29 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $860,571 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $7,139,135 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $6,278,564 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Investment advisory and management fees | 2019-12-31 | $11,440 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $5,030,446 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $4,129,544 |
| Value of interest in pooled separate accounts at end of year | 2019-12-31 | $139,767 |
| Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $155,632 |
| Interest earned on other investments | 2019-12-31 | $69,732 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $1,931,100 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $1,964,834 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2019-12-31 | $18,976 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $822,046 |
| Net investment gain/loss from pooled separate accounts | 2019-12-31 | $8,100 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $478,008 |
| Contract administrator fees | 2019-12-31 | $10,271 |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | RSM US LLP |
| Accountancy firm EIN | 2019-12-31 | 420714325 |
| 2018 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2018 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
| Total income from all sources (including contributions) | 2018-12-31 | $202,712 |
| Total loss/gain on sale of assets | 2018-12-31 | $0 |
| Total of all expenses incurred | 2018-12-31 | $864,735 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $843,322 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $468,424 |
| Value of total assets at end of year | 2018-12-31 | $6,278,564 |
| Value of total assets at beginning of year | 2018-12-31 | $6,940,587 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $21,413 |
| Total interest from all sources | 2018-12-31 | $73,202 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $135,602 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $135,602 |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $462,874 |
| Participant contributions at end of year | 2018-12-31 | $28,554 |
| Participant contributions at beginning of year | 2018-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $5,550 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $-662,023 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $6,278,564 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $6,940,587 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Investment advisory and management fees | 2018-12-31 | $14,739 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $4,129,544 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $4,790,155 |
| Value of interest in pooled separate accounts at end of year | 2018-12-31 | $155,632 |
| Value of interest in pooled separate accounts at beginning of year | 2018-12-31 | $148,040 |
| Interest earned on other investments | 2018-12-31 | $73,202 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-31 | $1,964,834 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $2,002,392 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2018-12-31 | $19,985 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-482,361 |
| Net investment gain/loss from pooled separate accounts | 2018-12-31 | $7,845 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Contributions received in cash from employer | 2018-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $823,337 |
| Contract administrator fees | 2018-12-31 | $6,674 |
| Did the plan have assets held for investment | 2018-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
| Accountancy firm name | 2018-12-31 | RSM US LLP |
| Accountancy firm EIN | 2018-12-31 | 420714325 |
| 2017 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2017 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
| Total income from all sources (including contributions) | 2017-12-31 | $1,132,283 |
| Total loss/gain on sale of assets | 2017-12-31 | $0 |
| Total of all expenses incurred | 2017-12-31 | $436,963 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $414,698 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $333,198 |
| Value of total assets at end of year | 2017-12-31 | $6,940,587 |
| Value of total assets at beginning of year | 2017-12-31 | $6,245,267 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $22,265 |
| Total interest from all sources | 2017-12-31 | $73,255 |
| Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $88,075 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $88,075 |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
| Contributions received from participants | 2017-12-31 | $291,550 |
| Assets. Other investments not covered elsewhere at end of year | 2017-12-31 | $0 |
| Assets. Other investments not covered elsewhere at beginning of year | 2017-12-31 | $4,875 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $41,648 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Value of net income/loss | 2017-12-31 | $695,320 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $6,940,587 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $6,245,267 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
| Investment advisory and management fees | 2017-12-31 | $13,492 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $4,790,155 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $3,963,523 |
| Value of interest in pooled separate accounts at end of year | 2017-12-31 | $148,040 |
| Value of interest in pooled separate accounts at beginning of year | 2017-12-31 | $141,749 |
| Interest earned on other investments | 2017-12-31 | $73,255 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-12-31 | $2,002,392 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $2,135,120 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2017-12-31 | $24,576 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $631,498 |
| Net investment gain/loss from pooled separate accounts | 2017-12-31 | $6,257 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $390,122 |
| Contract administrator fees | 2017-12-31 | $8,773 |
| Did the plan have assets held for investment | 2017-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
| Accountancy firm name | 2017-12-31 | RSM US LLP |
| Accountancy firm EIN | 2017-12-31 | 420714325 |
| 2016 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2016 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
| Total income from all sources (including contributions) | 2016-12-31 | $636,318 |
| Total loss/gain on sale of assets | 2016-12-31 | $0 |
| Total of all expenses incurred | 2016-12-31 | $300,853 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $283,395 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $271,917 |
| Value of total assets at end of year | 2016-12-31 | $6,245,267 |
| Value of total assets at beginning of year | 2016-12-31 | $5,909,802 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $17,458 |
| Total interest from all sources | 2016-12-31 | $83,854 |
| Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $54,379 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $54,379 |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Contributions received from participants | 2016-12-31 | $271,917 |
| Participant contributions at end of year | 2016-12-31 | $0 |
| Participant contributions at beginning of year | 2016-12-31 | $18,020 |
| Assets. Other investments not covered elsewhere at end of year | 2016-12-31 | $4,875 |
| Assets. Other investments not covered elsewhere at beginning of year | 2016-12-31 | $9,560 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Value of net income/loss | 2016-12-31 | $335,465 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $6,245,267 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $5,909,802 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
| Investment advisory and management fees | 2016-12-31 | $12,311 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $3,963,523 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $3,576,466 |
| Value of interest in pooled separate accounts at end of year | 2016-12-31 | $141,749 |
| Value of interest in pooled separate accounts at beginning of year | 2016-12-31 | $146,391 |
| Interest earned on other investments | 2016-12-31 | $83,854 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $2,135,120 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $2,159,365 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $218,787 |
| Net investment gain/loss from pooled separate accounts | 2016-12-31 | $7,381 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $283,395 |
| Contract administrator fees | 2016-12-31 | $5,147 |
| Did the plan have assets held for investment | 2016-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
| Accountancy firm name | 2016-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2016-12-31 | 205907591 |
| 2015 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2015 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2015-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
| Total income from all sources (including contributions) | 2015-12-31 | $324,662 |
| Total loss/gain on sale of assets | 2015-12-31 | $0 |
| Total of all expenses incurred | 2015-12-31 | $705,758 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $694,271 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $240,971 |
| Value of total assets at end of year | 2015-12-31 | $5,909,802 |
| Value of total assets at beginning of year | 2015-12-31 | $6,290,898 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $11,487 |
| Total interest from all sources | 2015-12-31 | $84,325 |
| Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $29,199 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $29,199 |
| Administrative expenses professional fees incurred | 2015-12-31 | $375 |
| Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
| Value of fidelity bond cover | 2015-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
| Contributions received from participants | 2015-12-31 | $229,450 |
| Participant contributions at end of year | 2015-12-31 | $18,020 |
| Participant contributions at beginning of year | 2015-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2015-12-31 | $9,560 |
| Assets. Other investments not covered elsewhere at beginning of year | 2015-12-31 | $7,853 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $11,521 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
| Value of net income/loss | 2015-12-31 | $-381,096 |
| Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $5,909,802 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $6,290,898 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
| Investment advisory and management fees | 2015-12-31 | $11,112 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $3,576,466 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $3,724,533 |
| Value of interest in pooled separate accounts at end of year | 2015-12-31 | $146,391 |
| Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $172,353 |
| Interest earned on other investments | 2015-12-31 | $84,325 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $2,159,365 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $2,386,159 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2015-12-31 | $286,216 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-42,646 |
| Net investment gain/loss from pooled separate accounts | 2015-12-31 | $12,813 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $408,055 |
| Did the plan have assets held for investment | 2015-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
| Accountancy firm name | 2015-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2015-12-31 | 205907591 |
| 2014 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2014 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2014-12-31 | $0 |
| Total transfer of assets to this plan | 2014-12-31 | $0 |
| Total transfer of assets from this plan | 2014-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $0 |
| Total income from all sources (including contributions) | 2014-12-31 | $604,388 |
| Total loss/gain on sale of assets | 2014-12-31 | $0 |
| Total of all expenses incurred | 2014-12-31 | $387,150 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $378,230 |
| Expenses. Certain deemed distributions of participant loans | 2014-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $256,769 |
| Value of total assets at end of year | 2014-12-31 | $6,290,898 |
| Value of total assets at beginning of year | 2014-12-31 | $6,073,660 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $8,920 |
| Total interest from all sources | 2014-12-31 | $89,322 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $25,459 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $25,459 |
| Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
| Value of fidelity bond cover | 2014-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Contributions received from participants | 2014-12-31 | $240,324 |
| Participant contributions at end of year | 2014-12-31 | $0 |
| Participant contributions at beginning of year | 2014-12-31 | $0 |
| Participant contributions at beginning of year | 2014-12-31 | $22,105 |
| Assets. Other investments not covered elsewhere at end of year | 2014-12-31 | $7,853 |
| Assets. Other investments not covered elsewhere at beginning of year | 2014-12-31 | $7,483 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $16,445 |
| Other income not declared elsewhere | 2014-12-31 | $0 |
| Administrative expenses (other) incurred | 2014-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Value of net income/loss | 2014-12-31 | $217,238 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $6,290,898 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $6,073,660 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
| Investment advisory and management fees | 2014-12-31 | $8,817 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $3,724,533 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $3,460,675 |
| Value of interest in pooled separate accounts at end of year | 2014-12-31 | $172,353 |
| Value of interest in pooled separate accounts at beginning of year | 2014-12-31 | $186,698 |
| Interest on participant loans | 2014-12-31 | $0 |
| Interest earned on other investments | 2014-12-31 | $89,322 |
| Value of interest in master investment trust accounts at end of year | 2014-12-31 | $0 |
| Value of interest in master investment trust accounts at beginning of year | 2014-12-31 | $0 |
| Value of interest in common/collective trusts at end of year | 2014-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2014-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2014-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2014-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2014-12-31 | $2,386,159 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2014-12-31 | $2,396,699 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2014-12-31 | $0 |
| Net investment gain/loss from pooled separate accounts | 2014-12-31 | $20,207 |
| Net investment gain or loss from common/collective trusts | 2014-12-31 | $0 |
| Net gain/loss from 103.12 investment entities | 2014-12-31 | $212,631 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
| Contributions received in cash from employer | 2014-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $378,230 |
| Contract administrator fees | 2014-12-31 | $103 |
| Did the plan have assets held for investment | 2014-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Disclaimer |
| Accountancy firm name | 2014-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2014-12-31 | 205907591 |
| 2013 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2013 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2013-12-31 | $0 |
| Total transfer of assets to this plan | 2013-12-31 | $0 |
| Total transfer of assets from this plan | 2013-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
| Total income from all sources (including contributions) | 2013-12-31 | $1,247,839 |
| Total loss/gain on sale of assets | 2013-12-31 | $0 |
| Total of all expenses incurred | 2013-12-31 | $643,305 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $637,928 |
| Expenses. Certain deemed distributions of participant loans | 2013-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $523,904 |
| Value of total assets at end of year | 2013-12-31 | $6,073,660 |
| Value of total assets at beginning of year | 2013-12-31 | $5,469,126 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $5,377 |
| Total interest from all sources | 2013-12-31 | $82,279 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $26,499 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $26,499 |
| Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
| Value of fidelity bond cover | 2013-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
| Contributions received from participants | 2013-12-31 | $232,707 |
| Participant contributions at end of year | 2013-12-31 | $0 |
| Participant contributions at beginning of year | 2013-12-31 | $0 |
| Participant contributions at end of year | 2013-12-31 | $22,105 |
| Assets. Other investments not covered elsewhere at end of year | 2013-12-31 | $7,483 |
| Assets. Other investments not covered elsewhere at beginning of year | 2013-12-31 | $6,195 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $291,197 |
| Other income not declared elsewhere | 2013-12-31 | $0 |
| Administrative expenses (other) incurred | 2013-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Value of net income/loss | 2013-12-31 | $604,534 |
| Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $6,073,660 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $5,469,126 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
| Investment advisory and management fees | 2013-12-31 | $5,377 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $3,460,675 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $3,094,478 |
| Value of interest in pooled separate accounts at end of year | 2013-12-31 | $186,698 |
| Value of interest in pooled separate accounts at beginning of year | 2013-12-31 | $191,473 |
| Interest on participant loans | 2013-12-31 | $0 |
| Interest earned on other investments | 2013-12-31 | $82,279 |
| Value of interest in master investment trust accounts at end of year | 2013-12-31 | $0 |
| Value of interest in master investment trust accounts at beginning of year | 2013-12-31 | $0 |
| Value of interest in common/collective trusts at end of year | 2013-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2013-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2013-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2013-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2013-12-31 | $2,396,699 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2013-12-31 | $2,176,980 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2013-12-31 | $30,345 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-12-31 | $597,578 |
| Net investment gain/loss from pooled separate accounts | 2013-12-31 | $17,579 |
| Net investment gain or loss from common/collective trusts | 2013-12-31 | $0 |
| Net gain/loss from 103.12 investment entities | 2013-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
| Contributions received in cash from employer | 2013-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $607,583 |
| Contract administrator fees | 2013-12-31 | $0 |
| Did the plan have assets held for investment | 2013-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Disclaimer |
| Accountancy firm name | 2013-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2013-12-31 | 205907591 |
| 2012 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2012 401k financial data |
|---|
| Total transfer of assets to this plan | 2012-12-31 | $0 |
| Total transfer of assets from this plan | 2012-12-31 | $0 |
| Total income from all sources (including contributions) | 2012-12-31 | $706,157 |
| Total of all expenses incurred | 2012-12-31 | $555,240 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $548,971 |
| Expenses. Certain deemed distributions of participant loans | 2012-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $220,813 |
| Value of total assets at end of year | 2012-12-31 | $5,469,126 |
| Value of total assets at beginning of year | 2012-12-31 | $5,318,209 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $6,269 |
| Total interest from all sources | 2012-12-31 | $79,206 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $9,648 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $9,648 |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Contributions received from participants | 2012-12-31 | $219,115 |
| Participant contributions at end of year | 2012-12-31 | $0 |
| Participant contributions at beginning of year | 2012-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2012-12-31 | $6,195 |
| Assets. Other investments not covered elsewhere at beginning of year | 2012-12-31 | $4,081 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2012-12-31 | $1,698 |
| Other income not declared elsewhere | 2012-12-31 | $0 |
| Administrative expenses (other) incurred | 2012-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Value of net income/loss | 2012-12-31 | $150,917 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $5,469,126 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $5,318,209 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
| Investment advisory and management fees | 2012-12-31 | $6,269 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $3,094,478 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $2,785,584 |
| Value of interest in pooled separate accounts at end of year | 2012-12-31 | $191,473 |
| Value of interest in pooled separate accounts at beginning of year | 2012-12-31 | $308,697 |
| Interest on participant loans | 2012-12-31 | $0 |
| Interest earned on other investments | 2012-12-31 | $79,206 |
| Value of interest in master investment trust accounts at end of year | 2012-12-31 | $0 |
| Value of interest in master investment trust accounts at beginning of year | 2012-12-31 | $0 |
| Value of interest in common/collective trusts at end of year | 2012-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2012-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2012-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2012-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2012-12-31 | $2,176,980 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2012-12-31 | $2,219,847 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2012-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $370,570 |
| Net investment gain/loss from pooled separate accounts | 2012-12-31 | $25,920 |
| Net investment gain or loss from common/collective trusts | 2012-12-31 | $0 |
| Net gain/loss from 103.12 investment entities | 2012-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
| Contributions received in cash from employer | 2012-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $548,971 |
| Contract administrator fees | 2012-12-31 | $0 |
| Did the plan have assets held for investment | 2012-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Disclaimer |
| Accountancy firm name | 2012-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2012-12-31 | 205907591 |
| 2011 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2011 401k financial data |
|---|
| Total income from all sources (including contributions) | 2011-12-31 | $371,341 |
| Total of all expenses incurred | 2011-12-31 | $399,517 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $392,700 |
| Expenses. Certain deemed distributions of participant loans | 2011-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $288,610 |
| Value of total assets at end of year | 2011-12-31 | $5,318,209 |
| Value of total assets at beginning of year | 2011-12-31 | $5,346,385 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $6,817 |
| Total interest from all sources | 2011-12-31 | $75,418 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $7,137 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $7,137 |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Contributions received from participants | 2011-12-31 | $233,856 |
| Assets. Other investments not covered elsewhere at end of year | 2011-12-31 | $4,081 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $54,754 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2011-12-31 | $0 |
| Other income not declared elsewhere | 2011-12-31 | $4,081 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Value of net income/loss | 2011-12-31 | $-28,176 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $5,318,209 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $5,346,385 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Investment advisory and management fees | 2011-12-31 | $6,817 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $2,785,584 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $3,175,063 |
| Value of interest in pooled separate accounts at end of year | 2011-12-31 | $308,697 |
| Value of interest in pooled separate accounts at beginning of year | 2011-12-31 | $265,004 |
| Interest on participant loans | 2011-12-31 | $0 |
| Interest earned on other investments | 2011-12-31 | $75,418 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2011-12-31 | $2,219,847 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2011-12-31 | $1,906,318 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2011-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-38,342 |
| Net investment gain/loss from pooled separate accounts | 2011-12-31 | $34,437 |
| Net gain/loss from 103.12 investment entities | 2011-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $392,700 |
| Contract administrator fees | 2011-12-31 | $0 |
| Did the plan have assets held for investment | 2011-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
| Accountancy firm name | 2011-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2011-12-31 | 205907591 |
| 2010 : SALEM ACADEMY AND COLLEGE TAX DEFERRED ANNUITY PLAN 2010 401k financial data |
|---|
| Total income from all sources (including contributions) | 2010-12-31 | $697,384 |
| Total of all expenses incurred | 2010-12-31 | $145,047 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $139,280 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $239,153 |
| Value of total assets at end of year | 2010-12-31 | $5,346,385 |
| Value of total assets at beginning of year | 2010-12-31 | $4,794,048 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $5,767 |
| Total interest from all sources | 2010-12-31 | $67,549 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $3,805 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $3,805 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $236,987 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $2,166 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $552,337 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $5,346,385 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $4,794,048 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Investment advisory and management fees | 2010-12-31 | $5,767 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $3,175,063 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $2,772,651 |
| Value of interest in pooled separate accounts at end of year | 2010-12-31 | $265,004 |
| Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $97,984 |
| Interest earned on other investments | 2010-12-31 | $67,549 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2010-12-31 | $1,906,318 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $1,923,413 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $370,067 |
| Net investment gain/loss from pooled separate accounts | 2010-12-31 | $16,810 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $139,280 |
| Did the plan have assets held for investment | 2010-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
| Accountancy firm name | 2010-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2010-12-31 | 205907591 |
